Private Interest Foundation come into existence upon registration in Panama Public Registry by law No. 25 of June 12, 1995. The Panama Government designed the Panama Private Interest Foundation with the objective of creating a flexible and affordable option for people that want to protect their assets. This is a very useful instrument in the planning of inheritances and for asset protection, as a Trust due, but also very similar to Corporations.

Panama Private Interest Foundation assets take on a separate legal identity from the personal assets of the Protector, Founder, Council, or Beneficiaries. Panama Offshore Foundations offer several advantages, like providing privacy, anonymity and protection to the Founders and Beneficiaries of the Foundation.

The Private Interest Foundations must be constitute as non profit organizations, with an Initial Patrimony Amount of US10,000.00. Private Interest Foundations expenses and annual fees are very similar to Corporations. They operate tax free when your incomes are offshore and the address could be changed any time.

The Panama Private Interest Foundation is a type of entity that is a cross-breed between a trust and a corporation, however, it is neither. A Foundation is an entity that is different from any other legal entity known in another countries because it is not the legal personification of a person or group of persons, as with a corporation, rather it is a legal entity that does not have owners (share-holders, participants, or partners), and has a specific purpose for the benefit of a general group of individuals.

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